HomeMy Public PortalAbout2004_02_10_r005The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED February_ 10, 2004
2004-05 ADOPTED February_ 10, 2004
AUTHORIZING TIME EXTENSIONS FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING PERFORMANCE GUARANTEES
FOR KINCAID FOREST SECTIONS 4B, 11, 12A AND 12B
WHEREAS, Kincaid VA, L.L.C., the developer of Kincaid Forest Sections 4B, 11, 12A and
12B has not completed all the required public improvements in accordance with the approved
construction drawings and town standards within the two-year period agreed to in the contract for
public improvements and previously approved time extension; and
WHEREAS, the developer has requested a time extension to complete the public
improvements; and
WHEREAS, letters of credit from the Mercantile Safe and Deposit Company in the amount of
$27,664.00 for Section 4B; $366,648.00 for Section 11; $223,991.00 for Section 12A; and
$32,280.00 for Section 12B were provided by the developer to guarantee the installation of public
improvements; and
WHEREAS, the town's Director of Engineering and Public Works recommends a time
extension to January 16, 2005 for Section 4B; July 10, 2004 for Section 11; July 23, 2004 for Section
12A; and July 29, 2004 for Section 12B.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The letters of credit from Mercantile Safe and Deposit Company in the
amounts listed above are approved to guarantee the installation of public improvements in Kincaid
Forest Sections 4B, 11, 12A and 12B.
-2-
A RESOLUTION:
AUTHORIZING TIME EXTENSIONS FOR COMPI.ETION OF PUBLIC
IMPROVEMENTS AND APPROVING PERFORMANCE GUARANTEES
FOR KINCAID FOREST SECTIONS 4B, 11, 12A AND 12B
SECTION 1I. The time extension to January 16, 2005 for Section 4B; July 10, 2004 for
Section 11; July 23, 2004 for Section 12A; and July 29, 2004 for Section 12B for completion of the
public improvements are approved.
PASSED this l0th day of February 2004.
ATTEST:
C~rk of Co'u-ncil
~e"~tneno-~f .LeUesmbs~tld, Mayor ~
R04:Kincaid4B, 11,12A, 12B TimeExt